Bank Of Nova Scotia [BNS] stock is trading at $53.42, down -0.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BNS shares have lost -3.31% over the last week, with a monthly amount drifted -4.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bank Of Nova Scotia [NYSE: BNS] stock has seen the most recent analyst activity on November 21, 2024, when Barclays upgraded its rating to a Equal Weight. Previously, Canaccord Genuity upgraded its rating to Buy on November 19, 2024. On November 19, 2024, upgrade upgraded it’s rating to Buy. UBS upgraded its rating to a Buy. TD Securities upgraded its rating to a Buy. In a note dated March 20, 2024, Barclays initiated an Underweight rating.
Bank Of Nova Scotia [BNS] stock has fluctuated between $43.67 and $57.07 over the past year. Currently, Wall Street analysts expect the stock to reach $71 within the next 12 months. Bank Of Nova Scotia [NYSE: BNS] shares were valued at $53.42 at the most recent close of the market. An investor can expect a potential return of 32.91% based on the average BNS price forecast.
Analyzing the BNS fundamentals
Bank Of Nova Scotia [NYSE:BNS] reported sales of 55.10B for the trailing twelve months, which represents a growth of 0.38%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.25 points at the first support level, and at 53.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.75, and for the 2nd resistance point, it is at 54.08.
Ratios To Look Out For
For context, Bank Of Nova Scotia’s Current Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 12.36.
